Ineligible Contracts definition

Ineligible Contracts. Any Contract sold by the Seller and purchased by Recco as an Eligible Contract that, (a) subsequent to the Purchase Date of such Contract, is determined not to have conformed to the definition of Eligible Contracts on such Purchase Date or (b) on the 180th day after its purchase by Recco, the File for which does not contain a Title Document for the related Vehicle if, on the date of such purchase by Recco, such File contained an application therefor in lieu of such Title Document.
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Ineligible Contracts. Any Contract sold by the Seller and purchased by Xxxxx as an Eligible Contract that, (a) subsequent to the Purchase Date of such Contract, is determined not to have conformed to the definition of Eligible Contracts on such Purchase Date or (b) on the 180th day after its purchase by Xxxxx, the File for which does not contain a Title Document for the related Vehicle if, on the date of such purchase by Xxxxx, such File contained an application therefor in lieu of such Title Document.
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Ineligible Contracts is defined at Section 9.2(g).
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Examples of Ineligible Contracts in a sentence

  • Notwithstanding the foregoing, with respect to any Ineligible Contracts, the Borrower may repurchase the Loans related thereto in lieu of such Ineligible Contracts and deposit into the Collection Account the Release Price of such Loans (as if such Loans were Ineligible Loans).

  • Notwithstanding the foregoing, with respect to any Ineligible Contracts, the Seller may repurchase the Loans related thereto in lieu of such Ineligible Contracts and deposit into the Collection Account the Purchase Amount of such Loans (as if such Loans were Ineligible Loans).(iv) Notwithstanding the foregoing, the Seller’s obligation to make payments under Section 3.02 hereof may be waived with the prior written consent of the Indenture Trustee, at the direction of the Majority Noteholders.

  • On each Business Day, the Seller and the Servicer will notify Recco of the aggregate Outstanding Balances of Purchased Contracts, if any, that are determined to be Ineligible Contracts as of the preceding Business Day which notice shall specify such Purchased Contracts.

  • The Surety Provider and the Program Manager may also notify the Seller and the Servicer on any Business Day of Purchased Contracts which the Surety Provider or the Program Manager shall have determined to be Ineligible Contracts.

  • On each Business Day, the Seller and the Servicer will notify Xxxxx of the aggregate Outstanding Balances of Purchased Contracts, if any, that are determined to be Ineligible Contracts as of the preceding Business Day which notice shall specify such Purchased Contracts.

  • Notwithstanding the foregoing, with respect to any Ineligible Contracts, the Seller may repurchase the Loans related thereto in lieu of such Ineligible Contracts and deposit into the Collection Account the Purchase Amount of such Loans (as if such Loans were Ineligible Loans).

  • On each Business Day, the Seller will notify the Servicer and Recco of the aggregate Outstanding Balances of Purchased Contracts, if any, that are determined to be Ineligible Contracts as of the preceding Business Day.

  • The Surety Provider, the Administrative Agent or any Group Agent may also notify the Seller and the Servicer on any Business Day of Purchased Contracts which the Surety Provider, the Administrative Agent or any Group Agent shall have determined to be Ineligible Contracts.

  • Notwithstanding the foregoing, 50 with respect to any Ineligible Contracts, the Borrower may repurchase the Loans related thereto in lieu of such Ineligible Contracts and deposit into the Collection Account the Release Price of such Loans (as if such Loans were Ineligible Loans).

  • On each Business Day, the Seller will notify the Servicer and Fincx xx the aggregate Outstanding Balances of Purchased Contracts, if any, that are determined to be Ineligible Contracts as of the preceding Business Day.


More Definitions of Ineligible Contracts

Ineligible Contracts. Any Contract that, subsequent to the date of the Borrower's acquisition of such Contract, (A) is determined not to have conformed to the definition of "Eligible Contracts" on such date of purchase or (B) which has become (x) a Defaulted Contract or (y) a Modified Contract which the Lender has rejected from the Borrowing Base or (C) as to which the Servicer has not received the related Lien Certificate by the 136th day following the date on which the Contract was originated.
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Related to Ineligible Contracts

  • Eligible Contract means a currently effective written contract between Bank and a Subcustodian satisfying the requirements of paragraph (c)(2) of Rule 17f-5 (including any amendments thereto or successor provisions).

  • Applicable Contracts has the meaning set forth in Section 2.15(a).

  • Ineligible Costs means those expenditures described as ineligible in Schedule C.

  • Applicable Contract any Contract (a) under which the Company has or may acquire any rights, (b) under which the Company has or may become subject to any obligation or liability, or (c) by which the Company or any of the assets owned or used by it is or may become bound.

  • Eligible Contract Participant means an “eligible contract participant” as defined in the CEA and regulations thereunder.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Contract Payments means the payments payable by the Company on the Payment Dates in respect of each Stock Purchase Contract, at the rate of 0.65% per annum of the Stated Amount of each Stock Purchase Contract.

  • Affiliate Contracts shall have the meaning set forth in Section 4.11(b).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Ineligible means that the individual obtained the checks and clearances as described in sections 5n and 5q and is not considered appropriate to obtain a license, to be a member of the household of a group child care home or family child care home, or to be a child care staff member due to violation of section 5n, 5q, or 5r.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Ineligible Loan Each Loan other than an Eligible Loan.

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Related Contract means: (i) in relation to the SwapClear Service, a RelatedSwapClear Contract (as such term is defined in the Procedures); (ii) in relation to the RepoClear Service, a Related RepoClear Contract (as such term is defined in the Procedures); (iii) in relation to the ForexClear Service, a Related ForexClear Contract (as such term is defined in the Procedures); (iv) in relation to the EquityClear Service, a Related EquityClear Contract (as such term is defined in the Procedures); (v) in relation to the Listed Interest Rates Service, a Related Listed Interest Rates Contract (as such term is defined in the Procedures)"Relevant Auction Contract"has the meaning given to the term in the Client Clearing Annex"Relevant Business"has the meaning as described in Default Rule 15(c)"Relevant Client Clearing Business"means the Client Clearing Business conducted by a particular Clearing Member in a particular Service"Relevant Contract"has the meaning assigned to it in the Client Clearing Annex"Relevant Default"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement - SwapClear, Rule F2 of the ForexClear Default Fund Supplement or Rule R2 of the RepoClear Default Fund Supplement, as applicable"Relevant FX Amounts"means, in respect of a ForexClear Option Clearing Member and a day, all amounts that are due to be received by such ForexClear Option Clearing Member on such day under a ForexClear Option Contract, ForexClear Swap Contract, ForexClear Deliverable Forward Contract and/or ForexClear Spot Contract in any ForexClear Currency"Relevant FX Liability"has the meaning assigned to it in Regulation 101"re-opening contract"means a contract arising pursuant to Regulation 30(b) or 30(c)"RepoClear Additional Payments Cap"means, in respect of a RCM on any date, an amount equal to the Clearing Member Current Collateral Balance of that RCM in connection with its RepoClear Business as at the date of the Default causing losses leading to an Insufficient Resources Determination (or, where such an Insufficient Resources Determination is made following concurrent Defaults, the date of the earliest Default)"RepoClear Business"means any transaction, obligation or liability arising out of any Fixed Income Contract

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Open Contract means a Contract which has not been closed out and which has not yet matured;

  • Eligible cost means as applied to a qualified project to be financed from the federal accounts, the costs that are permitted under applicable federal laws, requirements, procedures, and guidelines in regard to establishing, operating, and providing assistance from the bank. As applied to a qualified project to be financed from the state highway account, these costs include the costs of preliminary engineering, traffic and revenue studies, environmental studies, right‑of‑way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project. As applied to any qualified project to be financed from the state transit account, eligible project costs are limited to capital expenditures for transit equipment and facilities.

  • Credit-sale contract means a written contract for the sale of grain pursuant to which the sale price is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale and which contains the notice provided in subsection 7 of section 60-02.1-14. If a part of the sale price of a contract for the sale of grain is to be paid or may be paid more than thirty days after the delivery or release of the grain for sale, only such part of the contract is a credit-sale contract.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against price fluctuations of oil, gas or other commodities.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).